Facebook Agrees to Settle Excessive Director Compensation Claims in Return for Corporate Governance Reforms | Practical Law
Facebook, Inc. (Facebook) has agreed to settle claims arising out of Espinoza v. Zuckerberg, et al. challenging the compensation of its non-employee directors. In the stipulation of settlement filed with the Delaware Chancery Court on January 25, 2016, Facebook agreed to implement and maintain certain corporate governance reforms for five years.